Loans to the mining industry

1. Financing current expenses. VTB Bank provides credit facilities to finance the production, processing and sale of precious metals during the current year’s production season, as well as the costs of participating in tenders and auctions. Current financing also includes issuing bank guarantees for no more than 12 months to participate in tenders/auctions to acquire development licenses, to develop lode and placer gold deposits, and for the tax authorities to ensure the payment of VAT arrears.

2. Medium-term financing. VTB Bank provides loans/credit lines to finance precious metal production and marketing costs as of the preparatory stages for a period of from one to four years.